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Euro break-up 'tests'

FOREIGN exchange operators are preparing for the potential break-up of the euro.

CLS Bank International, which operates a platform in which banks settle most of their currency trades, is running "stress tests" to prepare for the possible dissolution of the euro, according to people familiar with the situation.

The CLS business is mostly owned by 63 banks that use its services and is supervised by the New York Federal Reserve.

The move means that the operator no longer believes a break-up is unthinkable.